Brivo
Secom Strengthens Global Presence with Strategic $60m Avtel Acquisition
July 30th, 2025What’s Behind the Acquisition of Cobalt Robotics by Dean Drako?
June 7th, 2024
‘Mobilizing’ Next-Gen Access Control in the Workplace
The use of mobile devices in the workplace has become a significant trend, accelerated by the global pandemic, and vendors of workplace apps are now seeing strong demand for applications that enable smarter, safer, and more secure workplaces, according to our latest research. Leveraging this trend, workplace apps are being developed to act as an […]
Why is SECOM Investing in Eagle Eye Networks & Brivo?
The physical security industry has developed a healthy funding environment in recent years with venture capitalists providing significant backing to security companies. But this month’s $192 million investment by Japanese security integrator SECOM, into video surveillance company Eagle Eye Networks and access control provider Brivo is somewhat of an outlier. In this research note, we […]
3 Things We Learned About Smart Building SPACs in 2022
2021 was the “Year of the #SmartBuilding SPAC” when 9 companies completed a business combination. So what does that make 2022? We have analysed 17 companies, that fit our definition of a PropTech business, to determine what their financial performance looked like in 2022 and what we might expect to happen in 2023 and beyond. […]
EnOcean: The Latest Smart Buildings Firm to Ride the SPAC Wave
The alternative IPO trend continues as German firm EnOcean announces its intention to implement a reverse merger with a SPAC to take them public early next year. Special purpose acquisition companies (SPACs) have proved a popular route for companies to list on the stock market without the rigmarole of a traditional IPO process. However, more […]
SPACS: The 800-pound Gorilla in the PropTech Room
In the same week in July, two more special purpose acquisition company (SPAC) mergers in the smart building security space wrestled with this alternative IPO approach. First, Crown Proptech Acquisitions failed in their attempted merger with access control firm Brivo after the deadline passed before they were able to raise the funds required. Then, 5 […]
The State of SPACs in the Smart Building & PropTech Space
In this Research Note, we examine companies in the proptech and smart buildings space which have opted for a SPAC route to become publicly listed in 2021 and 2022 to date, based on their annual reports, investor presentations, our M&A transactions database and analysis of previous deals. SPAC acquisitions accounted for 11 completed transactions in the smart […]
Access Control Technology Attracts Another Public SPAC Listing
In December 2020, Memoori posed the question “Will SPACs Offer an Alternative Exit Route for Companies in the Smart Buildings Space?”. The answer seems to be a resounding Yes! This research note highlights five of twelve SPAC (Special Purpose Acquisition Company) transactions in 2021, updating our view that this vehicle is gaining popularity as an alternative exit route. […]
Opportunities for Smart Buildings as a Service in Commercial Real Estate
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. In a challenging economy, customers will be demanding more value from their investments and will be less willing to commit to upfront capital expenditure; making Smart Buildings as a Service even more attractive than 6 months ago. This business model is defined as […]